It is a core part of our Upstream portfolio along with the Deep Water and Conventional oil and gas businesses.”. Additional information about National Fuel is available. No assurance is provided that future dividend payments will match or exceed previous dividend payments. Growing national network. National Fuel Gas Company announced that it has entered into a purchase and sale agreement with SWEPI LP, a subsidiary of Royal Dutch Shell plc, to acquire Shell’s upstream and midstream gathering assets in Pennsylvania for total consideration of approximately $541 million, less closing adjustments that are estimated to reduce the consideration provided at closing to approximately $500 million. Press Release National Fuel Completes Acquisition of Shell's Integrated Upstream and Midstream Assets in Pennsylvania Published: July 31, 2020 at 4:15 p.m. When you apply for your card, you can decide whether you want to refuel exclusively Shell’s Appalachia operations are located in the predominately rural northern and western portions of Pennsylvania, where the company drills and produces dry gas from the Marcellus and Utica formations. This press release contains forward-looking statements (within the meaning of the U.S. National Fuel Gas Company (NYSE: NFG) (the “Company”) announced today that it has completed the purchase of integrated upstream and midstream gathering assets in Pennsylvania from SWEPI LP, a subsidiary of Royal Dutch Shell plc (NYSE: RDS.A) (“Shell”), in an all cash transaction of approximately $504 million, after customary purchase price adjustments. Shell has reached an agreement with publicly listed US energy company National Fuel Gas Company (NFG), and its subsidiaries, Seneca Resources Company, LLC, National Fuel Gas Midstream Company, LLC, and NFG Midstream Covington, LLC to sell its Appalachia shale gas position for US$541 million, subject to closing adjustments. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release. National Fuel Gas (NYSE:NFG) agrees to acquire Royal Dutch Shell's (RDS.A, RDS.B) integrated upstream and midstream assets in Pennsylvania for $541M. National Fuel plans to provide preliminary fiscal 2021 guidance in connection with its third quarter earnings release on August 6, 2020. Ltd (through British Petroleum) but continued its separate trading identity. National Fuel Completes Acquisition of Shell's Integrated Upstream and Midstream Assets in Pennsylvania Published: July 31, 2020 at 4:15 p.m. WILLIAMSVILLE, N.Y., July 31, 2020 (GLOBE NEWSWIRE) -- National Fuel Gas Company (NYSE: NFG) (the “Company”) announced today that it has completed the purchase of integrated upstream and midstream gathering assets in Pennsylvania from SWEPI LP, a subsidiary of Royal Dutch Shell plc (NYSE: RDS.A) (“Shell”), in an all cash transaction of approximately $504 million, after customary purchase price adjustments. Shell Sells U.S. Appalachia Assets to National Fuel Canada NewsWire HOUSTON, May 4, 2020 HOUSTON, May 4, 2020 /CNW/ -- Royal Dutch Shell plc, through its affiliate SWEPI LP ("Shell… HOUSTON, May 4, 2020 /PRNewswire/ -- Royal Dutch Shell plc, through its affiliate SWEPI LP ("Shell"), has reached an agreement with publicly listed U.S. energy company National Fuel … (Shell) Notes to Editors The transaction is intended to be paid fully in cash but alternatively National Fuel will pay up to $150 million of the purchase price in Breaking Company News The lost year: How Covid-19 left many WILLIAMSVILLE, N.Y., July 31, 2020 (GLOBE NEWSWIRE) - National Fuel Gas Company (NYSE: NFG) (the “Company”) announced today that it has completed the purchase of integrated upstream and midstream gathering assets in Pennsylvania from SWEPI LP, a subsidiary of Royal Dutch Shell plc (NYSE: RDS.A) (“Shell”), in an all cash transaction of approximately $504 million, after … The Check List is recognised by eight of the major aviation fuel suppliers - Agip, BP, ChevronTexaco, ExxonMobil, Kuwait Petroleum, Shell, Statoil and Total - as the basis of their international supply of virtually all civil aviation fuels Shell's upstream director, Wael Sawan, said the major will continue to focus its shale strategy around tight oil, and divesting the Appalachian position is consistent with that plan. Readers should not place undue reliance on forward-looking statements. HOUSTON, May 4, 2020 /PRNewswire/ -- Royal Dutch Shell plc, through its affiliate SWEPI LP ("Shell"), has reached an agreement with publicly listed U.S. energy company National Fuel … The transaction is part of divesting non-core assets and in line with Shell’s Shales strategy which focusses on development of higher margin, light tight oil assets. 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